According to Handelsblatt, citing people familiar with the matter, Deutsche Bank, US bank Citi and Swiss bank UBS have been tasked with preparing a possible initial public offering (IPO) of Uniper. The three institutions have been mandated as global coordinators. The banks declined to comment.
The German government holds around 75 percent of the gas group and is seeking new owners. The IPO is being pursued in parallel with a full sale of the majority stake – a so-called dual track. The timeline is ambitious: financial circles expect the earliest possible window for an IPO to be early 2027.
It is becoming apparent that the 75 percent stake would have to be listed in several tranches, each with a time gap. The government therefore has no certainty that the sale will succeed by 2028. Uniper was nationalized in 2022 following the energy crisis after Russian gas supplies dried up.
Source: www.handelsblatt.com
